Wisdom of the Institutional Crowd: Implications for Anomaly Returns
(with AJ Chen and Gerard Hoberg) Coming soon
We show that institutional investors not only respond to news but also share trading signals through news, resulting in predictable momentum and value returns.
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Assistant Professor of Finance and Business Economics
University of Southern California
Los Angeles, CA, 90089
Tel (Office): (213) 821-9887
Email: miao.zhang@marshall.usc.edu
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